Agenda

  • Motivation
  • Data Set
  • Visualization
    • US Map of cost for Public/Private
    • US Map of net cost for Public/Private
    • Density graphs of debt and earnings
    • Scatter plot of net cost vs earnings
  • Conclusion
  • Next Steps

Motivation

Motivation

  • Question: With so much money on the line, should you save it by going to Public school, or "invest" it in Private school?
  • Recession of 2007-2009 forced many students to choose between public school and private school
  • Currently, tuition and student debt is on the raise
  • However, more jobs are requiring college degrees

Data Set

Data Set

  • College data was released by the U.S Dept of Education and compiled by Kaggle
  • 120,000 observations and 2000+ variables
  • Limiting the scope of this analysis to Predominately Bachelor Degree granting institions
  • Only looking at money aspect (cost, debt, earnings)
  • Only looking at latest data (2013)

Visualization

U.S Map of Cost - Private cost more than Public

Cost of attendance, including tuition, fees, living, etc.

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U.S Map of Adjusted Net Cost - Private gives more financial aid

Net cost adjusted by average grants/scholarships

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Density Plot of Median Debt - More debt from private schools

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Density Plot of Median Earning 10 years After Graduation - About the same earning

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Scatter Plot of Net Cost vs Earning

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Scatter Plot of Net Cost vs Earning

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Conclusion

Conclusion

  • In general, the cost of private school is greater than public schools
  • In general, salaries 10 years after graduation are about the same
  • All else being equal, go to public school to save money

Next steps

Next steps

  • Incorporate other factors such as size, faculty ratio, programs, etc.
  • Use time information to see trends and stability of costs/earnings
  • Find way to incorporate associate and other degrees
  • Look at top ranking tier of colleges

Thank you! Questions?